Puravankara Share Price Gains Over 5%; Secures ₹2,600 Crore Redevelopment Project in Goregaon West, Mumbai

Puravankara Limited has obtained exclusive redevelopment rights for 3 residential societies in Bangur Nagar, Goregaon West, Mumbai.  

This acquisition aligns with the company's strategy to expand its residential platform in high-demand areas, as per the press release on exchange filings reported on September 17, 2026. 

Details of the Goregaon West Acquisition 

The newly acquired land in Goregaon West spans 4.68 acres, offering an estimated developable potential of approximately 10,50,000 square feet.  

The project is projected to have a Gross Development Value (GDV) of ₹2,600 crore. This acquisition marks Puravankara's 8th redevelopment project in the Mumbai housing market. 

Puravankara's Mumbai Redevelopment Portfolio 

With this latest acquisition, Puravankara's total redevelopment portfolio in Mumbai now represents a potential GDV of ₹17,500 crore.  

The company has been actively expanding its presence in key locations such as Breach Candy, Pali Hill, Lokhandwala, Chembur, Malabar Hill, and Cuffe Parade over the past 3 years. 

Goregaon West: A Strategic Location 

Goregaon West is a well-established residential corridor in Mumbai's western suburbs, known for its seamless commercial connectivity and mature social infrastructure. This makes it an attractive location for urban communities seeking residential options. 

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Puravankara Group's Corporate Profile 

Headquartered in Bengaluru, the Puravankara Group is a prominent real estate player with a pan-India presence.  

The group manages a Grade A commercial portfolio of 30,00,000 square feet and has completed 97 large-scale projects totaling 5,90,00,000 square feet across 9 major cities as of June 30, 2026. 

Puravankara Share Price Performance 

As of September 17, 2026, at 2:30 PM, Puravankara share price on NSE was trading at ₹221.48, up by 3.65% from the previous closing price. 

Conclusion 

Puravankara Limited's acquisition of redevelopment rights in Goregaon West, Mumbai, covers 4.68 acres with a developable potential of 10,50,000 square feet and a GDV of ₹2,600 crore. This project contributes to a total Mumbai redevelopment portfolio GDV of ₹17,500 crore. 

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